Forecasts for AUD to PKR
The Australian dollar (AUD) is currently trading at 180.1 PKR, which is 2.2% above its three-month average of 176.3 PKR, though it has experienced notable volatility—trading within an 8.1% range from 167.2 to 180.8 PKR. Analysts highlight several factors contributing to the AUD’s recent behavior.
Initial strength in the AUD came from stronger-than-expected inflation figures, which diminished expectations for interest rate cuts by the Reserve Bank of Australia (RBA). However, this gain was short-lived, as a prevailing negative market sentiment impacted the appeal of this risk-sensitive currency, particularly through the European trading session. Experts point out that Australia is set to release its latest trade figures, and a potential slump in export growth could further pressure the AUD. The ‘Aussie’ is particularly vulnerable due to its correlation with commodity prices and global economic stability, highlighting its reliance on demand from key trading partners such as China.
The outlook for the AUD also faces headwinds from geopolitical factors, such as tariffs recently announced by the U.S. on Australian imports. This situation may further complicate the trade landscape for Australia, weakening the currency against the PKR.
On the other hand, the Pakistani rupee (PKR) has been impacted by significant trade tariffs imposed by the U.S. as part of broader trade tensions, adding pressure to its economic outlook. Nevertheless, a consistent inflow of remittances from migrant workers has been a lifeline for the PKR, providing much-needed support to its value despite challenging market conditions.
Overall, currency experts anticipate that the AUD/PKR exchange rate will continue to be influenced by both domestic economic data and external geopolitical developments. As commodity prices, interest rates, and market sentiment fluctuate, the interplay between these factors will likely determine the short- to medium-term trajectory of the AUD against the PKR.
